Most lenders thru the Broker Channel also would have no issue lending to a  Unit Trust.

Your set up is common with many clients so nothing unusual there.

Black

Thing you are living in the past my friend.

Cant think of too many lenders where you dont actually have to declare an actual income on a lodoc loan these days.

Realistically even at a $300K purchase price you would probably need to have saved a minimum of $20K + FHOG (Maybe more depending in which State you are buying and whether there is any First Home Buyer Concession on the Stamp Duty).

Lenders will want to see this saved over a minimum of 3 months.

Alternative would be to look at getting your parents to either borrow against their security and then in turn lend these funds to you or use their equity as security and provide a limited guarantee.

Yes funny you say that I hear so many clients tell me their Broker seemed to have his own agenda and wasnt particularly interested in assisting them.

Mortgage Brokers are remunerated by the lender with whom they place you loan business with and their service comes at no cost to the client.

 A Broker has access to 101 lenders and can therefore structure the loans in such a manner that allow access to your equity and combat issues such as serviceability by using different lenders where approproate.

Where possible i would always suggest having the loans standalone.

Ambosh

Yes was a for a British citizen who purchased in Texas.

Max 60% lvr.

Banker wasnt refering to TCU.

NAB Advantage rate with no applic / valuation or any ongoing fees is 6.55% or 6.45% less than 65% lvr. 

Just because the majority agree for capital expenditure you cannot enforce such expenditure unless lot owners agree,

GP marginally more dont think so… not in Qld anyway.

In Qld you can work on nearly 2.5 x what it would be for an owner occupied property.

Stamp Duty is added to the Cost Base when calculating CGT.

Hi Maws

Hate to say constructing 5 Townhouses as you first project is not going to be easy even if you do have approval to do so.

Equity and the ability to repay the loan will be important but as always additional information would be required to assess the deal and analysis whether it could be viably funded.

The current rate with Pepper is not attractive and certainly would suggest going that route.

You wont get finance with any of the majors unfortunately at normal rates although oen of the majors does have a non conforming arm which may look at the deal.

At a 90% lvr i think the deal would be doable with a non bank lender at sensible rates.